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Bloomberg The European Union will spend one billion euros ($1.2 billion) to try to catch up to China, the US and Japan in supercomputing, the European Commission said. But as the initiative launches, uncertainty over Brexit is creating anxiety among British computer scientists that the UK may miss out on opportunities from the plan. The goal of the project is ...

Bloomberg Intel Corp., trying to defuse concern that fixes to widespread chip security vulnerabilities will slow computers, released test results showing that personal computers won’t be affected much and promised more information on servers. The chipmaker published a table of data showing that older processors handled typical tasks 10 percent slower at most, after being updated with security patches. The ...

Bloomberg Companies pushing new virtual reality headsets talked a good game at CES 2018 in Las Vegas. Facebook’s Oculus touted new features in its upcoming $200 Oculus Go, a device designed to do for VR what the iPhone did for the smartphone, Google and Lenovo showed off a jointly designed headset that will sell for the half the price of ...

Bloomberg Tunisia’s main opposition parties derided a government pledge to increase aid for low-income families, urging Tunisians to step up protests over IMF-backed austerity measures as the country marks the seventh anniversary of the revolt that inspired the Arab Spring uprisings. “Government actions are just painkillers and cannot deal with the situation,” Ahmed Nejib Chebbi, head of the opposition Democratic ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Abdulaziz bin Saud bin Nayef bin Abdulaziz Al Saud, Minister of Interior of Saudi Arabia, who is currently visiting the country, in Al Ain on Saturday. During the meeting, the two sides reviewed ...

New Delhi / WAM Dr Ahmed Abdul Rahman Al Banna, UAE Ambassador Extraordinary and Plenipotentiary to India, and Arun Jaitley, India’s Minister of Finance, discussed means of boosting bilateral relations between the two friendly nations, especially in trade and investment. During the meeting, held at the Ministry of Finance headquarters in New Delhi, Dr Al-Banna said that the relations between ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, and the International Renewable Energy Agency (IRENA), the global platform for international cooperation on renewable energy, on Saturday announced that $25 million in concessional loans from ADFD have been earmarked for two solar PV projects, one each in Mauritius and Rwanda. Announced ...

DUBAI / WAM Digital consumption in the Middle East and North Africa region is growing at one of the fastest paces in the world, driven by a large population, fast-improving mobile connectivity and a flood of new streaming platforms in the market, according to an EY report commissioned by the Dubai World Trade Centre (DWTC). The report was published ahead ...

Bloomberg China is stepping up its policing of international companies such as Inditex SA-owned Zara and Delta Air Lines Inc. and demanding they respect the government’s position on long-standing territorial disputes from Taiwan to Tibet. The Cyber Administration Office in Shanghai said Zara listed Taiwan, an island that China claims as its own, as a separate country on its website. ...

Bloomberg Bank Indonesia is taking a firm stance against cryptocurrencies as it urges all parties to refrain from owning, selling or trading the tokens. “Owning virtual currencies is very risky and inherently speculative,” the central bank said in a statement on Saturday. The digital tokens “are prone to forming asset bubbles and tend to be used as method for money ...